Basic Tax QuizAdminDecember 21, 2022 Name Email Business Phone 1. Rebate u/s 87A is available if total income of the assessee is not more than: 250000 350000 500000 1000000 2. Which unique ID is required to deduct and pay TDS? PAN TAN Aadhaar Number Shop Act 3. Limit of Section 80C deduction is ----- 150000 100000 200000 50000 4. Form no. ----- is issued by the companies to it's employee after year end so that they can ascertain their Income Tax. 15G 15H 12BB 16 5. Full form of ITR is ----- Income Tax Return Income Tax Refund Income Tax Report Income Tax Reconciliation 6. Mr. Atul has received cash gift of Rs. 60,000/- from his friends on the occasion of marriage. What amount will be taxable out of it? 10000 50000 60000 0 7. PAN is identification number issued by the ------------- Income Tax Department GSTN Food license RTO 8. Which of the below is not a term under Income Tax? Surcharge Input Tax Credit Capital gain Unabsorbed depreciation 9. Basic exemption limit for senior citizens (60 years and above) under Income Tax is Rs.-------- 250000 500000 300000 0 10. Sale of shares is taxable under the head "-----------" Capital gains Income from House Property Income from Other Sources Income from salary
